Prékopa, András; Szántai, Tamás - In: Quantitative Finance 12 (2012) 1, pp. 21-26
Joshi and Staunton [<italic>Quantit. Finance</italic>, 2012, <bold>12</bold>, 17--20] have commented on the paper by Prékopa and Szántai [<italic>Quantit. Finance</italic>, 2010, <bold>10</bold>, 59-74] and criticized the statement that the binomial tree method overestimates the option price, under some condition. In this paper we present our more...
